What New Information is IRS Requesting With E-filed Returns and Why? What Are the Bad People Doing to Get Control of Your Computers?Speaker: James Counts II, CPA, CTFA
Learn what the IRS and state tax agencies are requesting tax practitioners to do to help protect the tax system from those filing identity theft tax returns. Understand what practitioners need to do to protect their computers and their client's personal information.

Reporting Undisclosed Offshore Accounts In The Voluntary Disclosure Process - What To Do When Your Client's Case Turns To The Worse?Speaker: Jeff Kahn, Esq., CPA, LL.M.(Tax)
Most taxpayers who enter into one of the IRS Offshore Voluntary Disclosure Programs For Taxpayers With Undisclosed Foreign Bank Accounts reach a conclusion to close their case. For those who do not or whose streamlined submissions are denied by the IRS, what options are available to such taxpayers, and what should tax practitioners consider?

AAA-CPA Congratulations to G. Christopher Wright of Alexandria, Virginia, for winning the Amazon Tap at the AAA-CPA exhibit booth during the Heckerling Institute on Estate Planning. Thanks to everyone that stopped by our booth and attended our luncheon. See you next year!

By David M. Loev, J.D., CPA, The Loev Law Firm, PCMany people don't realize that every offer and sale of a security is required to either be (a) registered with the Securities and Exchange Commission (the Commission); or (b) subject to an exemption from registration under the Securities Act of 1933, as amended (the Securities Act), under federal securities laws[1]. That requirement applies to the sale of securities to multiple high-net-worth individuals; the sale of a security to one person in a private transaction; the sale of a security to a family member; and all offers and sales of securities of public and private companies, including organizations with only two or three persons. Furthermore, that requirement applies to an offer of a security which is ultimately rejected by a potential purchaser[2]. Notwithstanding the requirements described above, a significant number of offers and sales may be exempt from registration under the Securities Act as described in greater detail below.READ MORE

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AccountingWEB The Financial Accounting Standards Board issued two proposed accounting standards updates Jan. 10 — one regarding simplification of debt classification in a classified balance sheet, and the other on changes to inventory disclosure requirements. Here are key takeaways from both.
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Tax-NewsLegislation has been introduced in Congress to stop the unlimited U.S. corporate tax deductions allowed for performance-based executive pay.
Lloyd Doggett, D-Texas, a member of the House of Representatives Ways and Means Committee, Sens. Jack Reed, D-Rhode Island, and Richard Blumenthal, D-Connecticut, introduced the Stop Subsidizing Multimillion Dollar Corporate Bonuses Act.READ MORE

ForbesIt looks increasingly as if Congress may slow-walk its efforts to repeal the Affordable Care Act. Despite their party's promises to eliminate the law on "day one," several key Republican senators want Congress to delay repeal until it can figure out how to replace the current health insurance system — a process likely to take at least several months.
This delay could have significant implications for a big 2017 tax bill.
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Accounting TodayA one-year tax holiday for the more than $2 trillion parked overseas is clearly in the offing, either as a stand-alone measure or, more likely, as part of a comprehensive tax reform.
And a strengthening U.S. dollar makes the prospects of a repatriation holiday even more attractive.READ MORE

KiplingerLong ago, Ben Franklin famously wrote that nothing can be said to be certain except death and taxes. More than 200 years later, death remains inevitable, but increasingly the tax man is backing off when the Grim Reaper appears, with more states letting more estates off the hook from state death taxes.
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Money MagazineThere are currently seven states that levy no income taxes on residents. But that number could soon increase if some lawmakers have their way.
Michigan Senate Republicans began looking at proposals to repeal the state's 4.25 percent income tax, under the theory that doing so would attract an influx of residents and business dollars. READ MORE